Mathematics, 01.03.2021 19:50 brydenskl814
The editor of a textbook publishing company is deciding whether to publish a proposed textbook. Information on previous textbooks published show that 20% are huge successes, 30% are modest successes, 30% break even, and 20% are losers. Before a decision is made, the book will be reviewed. In the past, 97% of the huge successes received favorable reviews, 60% of the moderate successes received favorable reviews, 40% of the break-even books received favorable reviews, and 30% of the losers received favorable reviews. If the textbook receives a favorable review, what is the probability that it will be huge success?
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The editor of a textbook publishing company is deciding whether to publish a proposed textbook. Info...
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